Friday, April 19, 2024

Falling gas prices in Europe

Date:

Futures prices for natural gas in Europe fell on Tuesday, with strong winds and mild weather forecast easing pressure on gas supplies across the continent.

The Bloomberg News Agency pointed out that hot weather in the early winter reduces demand for warmer weather, which led to lower gas prices, despite Russia’s hints that it would not increase the amount of gas it exports to Europe. European authorities approve magnificent natural gas pipeline. Controversial North Stream 2 carrying gas from Russia to Germany and Western Europe via the Baltic Sea.

At the same time, the presence of strong winds in the present day will lead to an increase to record levels from the wind power of Germany and Britain on Thursday, reducing the need to generate power plants with natural gas.

Dutch natural gas prices fell by 4.3 percent to 89.93 euros per megawatt-hour of electricity supply next month, a record price in the European market. Gas prices in the UK fell 4.8 percent to 225.91 pence a million pts. Carbon emissions and electricity allocations in Germany also fell yesterday.

Print
Email




See also  Egypt's Best Sports Car.. MG ZS Model 2022 Specs and Prices
Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...